SatCon Electronics Announces $600,000 in Production Orders.BOSTON -- SatCon Technology Corporation[R] (Nasdaq CM: SATC SATC Sex and the City (HBO series) SATC Software Assurance Technology Center (NASA) SATC Sexual Assault Treatment Center (Broward County, Florida) ), today announced that SatCon Electronics, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. and designer and manufacturer of high reliability electronic components has been awarded a $600,000 follow-on contract for optically isolated solid state relays A relay that contains no mechanical parts. All switching mechanisms are semiconductor or thin film components. . Jack Worthen, SatCon Electronics President, stated, "SatCon Electronics has been a long-term supplier of customized microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. supporting the avionics avionics (ā'vēŏn`ĭks), electronic instruments used in air or space flight; also the design and production of such instruments. Early planes had few instruments, but as aviation and aircraft became more complex, so did instrumentation. industry. Our high reliability optically isolated solid state relays have been manufactured for a number of years in support of computer based avionics instrumentation used in the F-16 and now the F-22 fighter programs. We take great pride in manufacturing products for the industries highest reliability applications". SatCon Electronics is a leader in design and manufacturing of high reliability power management, analog signal processing Analog signal processing is any signal processing conducted on analog signals by analog means. "Analog" indicates something that is mathematically represented as a set of continuous values. This differs from "digital" which uses a series of discrete quantities to represent signal. , RF, and thin film components. About SatCon Technology Corporation SatCon Technology Corporation is a developer and manufacturer of electronics and motors for the Alternative Energy, Hybrid-Electric Vehicle, Grid Support, High Reliability Electronics and Advanced Power Technology markets. For further information, please visit the SatCon website at www.satcon.com. (SATC-G) Statements made in this document that are not historical facts or which apply prospectively are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "will," "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the Company's expectation. Additional information concerning risk factors is contained from time to time in the Company's SEC filings. The Company expressly disclaims any obligation to update the information contained in this release. |
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